Serbia will increase electricity prices for households by at least 7% by the end of September 2025, according to the program statement and its annexes submitted to Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF). The statement was signed by Serbian Prime Minister Đuro Macut, Finance Minister Siniša Mali, and National Bank Governor Jorgovanka Tabaković. The original deadline for the price hike was October 2025.
In addition to the nominal increase, there is consideration to lower the threshold for the highest tariff tier—the so-called “red zone”—from 1,600 kWh to 1,200 kWh. This measure aims to encourage energy efficiency and potentially increase revenues.
The next electricity price adjustment is planned by October 1, 2026, and will not be less than the inflation rate plus one percentage point.
Starting October 2026, fees that the transmission system operators (EDS and EMS) pay to the power utility EPS for losses are set to rise from 70 to 80 euros per MWh.
Further tariff reviews are scheduled for January 2027, following an assessment of the financial status of state-owned energy companies.
The government also committed to supporting the poorest households through block tariffs with lower prices for low consumption levels and subsidies aimed at assisting 75,000 vulnerable households.
Additionally, the state plans to expand the list of the largest debtors to the Serbian power company EPS and the gas supplier Srbijagas from the current top 20 to the top 50.
